# Board Of Trustees Of Illinois State Painters Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-illinois-state-painters-welfare-fund-366053429-501

> Board Of Trustees Of Illinois State Painters Welfare Fund's Health & Welfare plan: 790 participants, plan year 2024 financials, providers, and benchmarks fro…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Of Illinois State Painters Welfare Fund

- **Sponsor EIN:** 366053429

- **Sponsor Address:** 20 N MARTINGALE RD, STE 290, SCHAUMBURG, IL, 60173

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 790

- **Total Assets:** $16.6M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|790|$16.6M|$11.3M|$341,570|

| 2023|810|$16.0M|$11.2M|$315,600|

| 2022|790|$13.0M|$10.4M|$331,261|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| IBEW-NECA SERVICE CENTER DBA SCBENE|Other Service Provider|$314,753|—|$314,753|

| THE SEGAL COMPANY (MIDWEST), INC|Other Service Provider|$134,921|—|$134,921|

| CAVANAGH & O'HARA, LLP|Other Service Provider|$100,213|—|$100,213|

| MARQUETTE ASSOCIATES|Other Service Provider|$44,167|—|$44,167|

| ROMOLO & ASSOCIATES, LLC|Other Service Provider|$26,485|—|$26,485|

| UCS HOLDINGS, INC DBA VALENZ CARE|Other Service Provider|$20,771|—|$20,771|

| LUCY RX|Other Service Provider|$5,990|—|$5,990|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $647,300

- **Estimated Expense Ratio:** 3.903% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$795,962|$46,430|$397,654|$26,000|—|

| 2023|$719,589|$45,040|$357,077|$26,000|—|

| 2022|$598,632|$49,877|$253,835|—|$205,525|

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